Retail with Adjoining
320 & 320a Center St, New Iberia, LA 70560
For Sale
$140,000
Historic retail and stockroom connect to a larger warehouse, with an adjacent lot included for parking and outdoor work.
Property Size2,400 SF
Price / SF$58.33
Days on Market149
Property Features for 320 & 320a Center St
General Information
Standard status
Size
Listing Agency:
Caffery Real Estate, Inc.
Listed By:
Katie I LaBauve · License LA #29166
(337) 519-5290
Source:
Athomerealtyla
Added: Jun 17
Changed: Nov 2
Last Checked: Nov 10 at 10:49AM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Caffery Real Estate, Inc.
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Investment Insights
Based on property information with market context.
This historic commercial property combines retail space, a back stockroom, and warehouse space in one usable layout. The building includes approximately 600 square feet of retail area with an adjoining stockroom, transitioning into a larger roughly 1,800 square foot warehouse. That warehouse configuration can support a range of practical uses such as workshop activity, storage, or light industrial operations. An adjacent lot to the right of the building is included, providing additional room for parking, potential expansion, or outdoor workspace.
Located at 320 & 320a Center St in New Iberia, Louisiana, the property is tied to its longtime identity as a local bicycle shop landmark. The current owner also reports receiving calls daily from people seeking bicycle repairs and parts, reflecting continued local interest tied to the site’s prior service role.
For buyers or operators looking for a small-footprint retail front with warehouse capacity behind it, this site offers a straightforward, mixed-use setup. It may also appeal to service-oriented concepts that want to reintroduce a specialty retail and repair model using the existing store-to-warehouse flow. With the included adjacent lot, tenants and owners can plan for customer or employee parking and practical outdoor operations alongside the building.
Located at 320 & 320a Center St in New Iberia, Louisiana, the property is tied to its longtime identity as a local bicycle shop landmark. The current owner also reports receiving calls daily from people seeking bicycle repairs and parts, reflecting continued local interest tied to the site’s prior service role.
For buyers or operators looking for a small-footprint retail front with warehouse capacity behind it, this site offers a straightforward, mixed-use setup. It may also appeal to service-oriented concepts that want to reintroduce a specialty retail and repair model using the existing store-to-warehouse flow. With the included adjacent lot, tenants and owners can plan for customer or employee parking and practical outdoor operations alongside the building.
Key Highlights
- 600 sq. ft. retail space with an adjoining stockroom
- 1,800 sq. ft. warehouse connected for workshop, storage, or light industrial use
- Adjacent lot included for parking and outdoor workspace
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$12,469
Cap Rate
8.91%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$249,380
$249.4K
Cap Rate 7%
$178,129
$178.1K
Cap Rate 9%
$138,544
$138.5K
Market Conditions
NOI Build-Up for 2,400 SF
Gross rent
$18.7K $7.78/SF
− Vacancy
−$859 −$0.36/SF
EGI
$17.8K $7.42/SF
− OpEx
−$5.3K −$2.23/SF
NOI
$12.5K $5.20/SF
Area
Iberia County, LA
Vacancy
4.60%
Lease Rate
$7.78 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$249,380
Cap Rate 7%
$178,129
Cap Rate 9%
$138,544
Alternative Uses
Best Use
Retail
$275.9K
$241.4K – $321.9K
NOI $19,313 @ 7.0% cap · market cap 13.79%
Second Best
Warehouse
$216.3K
$189.3K – $252.4K
NOI $15,141 @ 7.0% cap · market cap 10.82%
Theoretical Best
Office A
$396.9K
$347.3K – $463.1K
NOI $27,786 @ 7.0% cap · market cap 19.85%
Zoning and permitted uses should be independently verified with authorities.
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Current Use
Location Intelligence
Trade Area within ½ mile
893
Businesses Nearby
Under-served
Demand for This Use
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Business Placement
Demographics for 70560, LA
39,457
Population
16,970
Households
2.3
Avg Household Size
38
Median Age
11%
College-Educated
80%
High-School Grad
176.1 sq mi
ZIP Area
224
Density / Sq Mi
$48,296
Median Household Income
$31,864
Median Earnings
$886
Median Rent
$126,500
Median Home Value
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Market
Average Price Trend$/SF for Flex space in New Iberia, LA
Properties on Market for Flex space in New Iberia
Vacancy Rate% for Industrial in South region
Similar Off Market Nearby
- LOUISIANA CAJUN PITMASTERS — 913 Inez Ave, New Iberia, LA 70560
- Uncle's Barbeque Sauce! — 422 W Washington St suite b, New Iberia, LA 70560
Frequently Asked Questions
What type of property is this?
Flex space - Historic retail and stockroom connect to a larger warehouse, with an adjacent lot included for parking and outdoor work.
Where is this flex space located?
The property is located at 320 & 320a Center St New Iberia, LA.
What is the asking price?
The asking price for this property is $140,000.
What are key features of this property?
This property features: 600 sq. ft. retail space with an adjoining stockroom; 1,800 sq. ft. warehouse connected for workshop, storage, or light industrial use; Adjacent lot included for parking and outdoor workspace
